Penelope C. Davey

Penelope’s representative experience includes advising:

Mergers & Acquisitions

Energy & Infrastructure

• OQ Exploration and Production Company (OQEP), Oman’s largest pure-play oil and gas exploration and production company, on its acquisition of a 35% stake in Block 27 from Mitsui E&P Middle East
• Macquarie Asset Management and Aragon Holding Company on the sale of Vibrant Energy, an India-based corporate renewables solutions company, to Inox Clean Energy
• Digital Realty on its joint venture with Bersama Digital Infrastructure Asia, a Southeast Asian regional digital infrastructure platform, for the purpose of forming Digital Realty Bersama to develop and operate data centers across Indonesia
• I Squared Capital on the:
  • Acquisition of Philippine Coastal Storage & Pipeline Corp, the largest independent import terminal in the Philippines, from Keppel Infrastructure Trust and Metro Pacific Investments Corporation
  • Acquisition of a majority interest in cloud computing companies Mateen Cloud Ventures and Infofabrica Holdings*
• A family office on its disposal of a coal mine in Indonesia
• A consortium of Japanese buyers, including Osaka Gas Co., Ltd. and Sumitomo Corporation, in connection with their strategic investment in AG&P LNG Marketing Pte. Ltd., I Squared Capital’s platform for investing in companies that develop city gas distribution networks in India 
• The AES Corporation, a leading global energy company, on its agreement with Se.ven Global Investments to sell its 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam
• MIND ID on its acquisition of a 20% interest in PT Vale (PTVI), the largest nickel producer in Indonesia, from Vale Canada and Sumitomo*; and its subsequent acquisition of an increased shareholding from 20% to 34% in PTVI
• ib vogt, a leading utility-scale solar development platform, on its joint venture with AC Energy Corp to set up a platform to fund the construction and operation of large-scale solar power plants and battery storage assets across Asia
• Intermediate Capital Group on its investment in Amp Energy India Private Ltd., a leading renewable energy platform
• An Indonesia-based data center and fiber business on its investment by a Japanese bank
• A pan Asian renewable energy platform on a proposed sell-side auction for a C&I solar platform in India
• A towers company on its joint venture with a large private equity sponsor to establish a towers platform in India and across Southeast Asia
• A global power development and investment company on the establishment of a gas-fired IPP joint venture in Brazil
• JERA on the sale of its approximately 14% stake in the Paiton Coal Thermal IPP Project in Indonesia to PT Medco Daya Energi Sentosa, a wholly-owned subsidiary of PT Medco Daya Abadi Lestari*
• Pinnacle Towers on its seed fundraise by KKR*
• Vena Energy on certain renewables joint ventures in the Philippines*
• Caisse de dépôt et placement du Québec (CDPQ) on its joint venture with CLP India Private Limited (now known as Apraava Energy), India's leading integrated energy solutions provider*
• PTTEP on its:
  • Proposed LNG transaction in Malaysia*
  • Acquisition of Partex Holding B.V. from Lisbon-based Calouste Gulbenkian Foundation*
• Pertamina on its strategic M&A opportunities in Asia*
• Indika on its mining investments in Indonesia*
• A Thai wind renewable power producer with respect to its auction sale process*
• An infrastructure fund on the establishment of LNG delivery and storage businesses in Indonesia and Singapore*
• A consortium of bidders on its bid for the National Power Park power assets in Pakistan*

Additional Sectors

• Apollo Global Management and Tega Industries consortium on the acquisition of Molycop, an Australia-based global supplier of grinding media for the mining industry
• GoTo on several of its recent joint ventures, including its:
  • Joint venture with NeuronCredit Pte. Ltd (an affiliate of Advance Intelligence Group), a Singapore-based fintech company, for the purpose of offering consumer lending services to GoTo's customers in Indonesia
  • Sale of its Thai business to AirAsia and investment into AirAsia’s Malaysian superapp*
  • Cloud kitchen joint venture with Rebel Foods*
  • E-commerce joint venture with JD.com*
• SATS Ltd on its acquisition of Worldwide Flight Services, the world’s largest air cargo handling firm, from an affiliate of Cerberus Capital Management, LP
• Investcorp on its acquisition of a majority interest in Viz Branz, a distributor of F&B brands across China and Southeast Asia*
• A BPO services company in the healthcare sector on its auction sale process
• A global investment manager on its proposed acquisition of an Indonesian IPTV and media content producer*
• An Indonesian state-owned entity on the proposed acquisition of a majority interest in an electric vehicle manufacturer in Europe*

Venture Capital Financings

• NetEase Interactive Entertainment on the subscription of Series Seed Preferred Shares in the capital of Meta Fantasy, a Singapore-based provider of metaverse applications and solutions for digitalization of businesses
• Twain Therapeutics, an Asian biotechnology company developing precision IL-2/15 therapies for cancer, on its Series A fundraising round
• GoTo on several of its recent venture capital financings, including its:
  • Series A fundraise for GoPlay
  • Series C investment into an Indonesian e-wallet company*
• RUMA and its substantial shareholder GoTo on a Series A financing in RUMA, an Indonesian e-commerce company*
• PTT CVC on various venture capital investments in Asia and in the US*

*Matter handled prior to joining the firm